{"url":"https://etfiq.com/compare/leverage/tsl-vs-tslz","section":"compare","title":"TSL vs TSLZ: which held to its multiple? | ETFIQ","description":"TSL sets out to return +1.25 times TSLA each day and TSLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u221215.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TSL or TSLZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TSL finished 1.2 points from what its multiple implies and TSLZ finished 15.5 points from its own, so TSL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TSL and TSLZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Tesla, TSL at +1.25 times and TSLZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TSL or TSLZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TSL\u2019s moved at 52% annualized and TSLZ\u2019s at 52%, so TSL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TSL or TSLZ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, TSL or TSLZ?","acceptedAnswer":{"@type":"Answer","text":"TSL charges 1.15% a year and TSLZ charges 1.05%, so TSLZ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TSL vs TSLZ","item":"https://etfiq.com/compare/leverage/tsl-vs-tslz"}]},{"@type":"WebPage","name":"TSL vs TSLZ: which held to its multiple?","description":"TSL sets out to return +1.25 times TSLA each day and TSLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u221215.5 pts away.","url":"https://etfiq.com/compare/leverage/tsl-vs-tslz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TSL finished 0.7 points short and TSLZ 0.3 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TSL and TSLZ","description":"TSL sets out to return +1.25 times TSLA each day and TSLZ -2 times. Over the three months to Sep 30, 2026 they finished \u22121.2 pts and \u221215.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tsl-vs-tslz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7212,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TSL vs TSLZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TSL vs TSLZ: which held to its multiple?\n\n Over three months against its own daily promise, TSL finished 0.7 points short and TSLZ 0.3 points over.\n Copy this for sharing \n \n GraniteShares 1.25x Long TSLA Daily ETF and T-REX 2X INVERSE TESLA DAILY TARGET ETF.\n\n Download as PDF \n\n \u221221.9% TSL returned, 3 months \n +17.6% TSLZ returned, 3 months \n \u22121.2 pts TSL from its stated multiple \n \u221215.5 pts TSLZ from its stated multiple \n\n ETFIQ Decay Resistance Score: TSL scores higher","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/tsl-vs-tslz","a":{"ticker":"TSL","name":"GraniteShares 1.25x Long TSLA Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSL returned \u221221.9% where its own daily promise gave \u221221.2%, 0.7 points short.","url":"https://etfiq.com/funds/tsl","key_facts":[{"label":"What TSLA did","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What 1.25 times a day gives","value":"\u221221.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221221.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"b":{"ticker":"TSLZ","name":"T-REX 2X INVERSE TESLA DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TSLZ returned +17.6% where its own daily promise gave +17.3%, 0.3 points over.","url":"https://etfiq.com/funds/tslz","key_facts":[{"label":"What TSLA did","value":"\u221216.6%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+17.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+17.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$30m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.05%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 28, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/tsl-vs-tslz"}